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    China Is NOT A Healthy Economy... China's Debt Bomb Is Back: Beijing Injects Most Ever Credit For Month Of March

    April 12, 2019
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    China Is NOT A Healthy Economy... China's Debt Bomb Is Back: Beijing Injects Most Ever Credit For Month Of March
    Image by Kure
    Bank of China Tokyo Japan

    One month ago, we asked if that was it for China's "Shanghai Accord 2.0"? Turns out the answer was a resounding "no."

    As we noted at the time, one month after the PBOC injected a gargantuan 4.64 trillion yuan ($685 billion) into the economy - more than the GDP of Saudi Arabia - in the month of January in the country's broadest credit measure, the All-System Financing Aggregate a credit injection that was so massive it even prompted the fury of China's prime minister Li Keqiang who lashed out at the central bank for its unprecedented debt generosity in a time when China was still pretending to be on a deleveraging path, in February the PBOC again surprised China-watchers, this time to the downside, when the Chinese central bank reported that aggregate financing increased by a paltry 703 billion yuan, roughly half the expected 1.3 trillion, the lowest print in the revised series history...

    To read more visit Zero Hedge.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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